Wag! Group Co. Completes Chapter 11 Reorganization
Pet services company Wag! Group Co. has successfully emerged from Chapter 11 bankruptcy proceedings. The company is now privately held under Retriever LLC.
Wag! Group Co., a platform for the needs of U.S. pet households, announced its successful emergence from Chapter 11 bankruptcy proceedings. The U.S. Bankruptcy Court for the District of Delaware confirmed the company's pre-packaged Plan of Reorganization. As a result, Wag! is now a privately held entity fully owned by Retriever LLC, its secured lender and recapitalization partner.
"This milestone marks the beginning of an exciting new chapter for Wag!," stated Garrett Smallwood, CEO of Wag!. "Thanks to the support and commitment of Retriever and our stakeholders, we have strengthened our financial foundation. We emerge with the resources and flexibility needed to invest in our business, serve our loyal customers and execute on our long-term strategic priorities."
Under the confirmed Plan of Reorganization, Retriever assumed ownership of the company and provided new equity capital and exit financing to support ongoing operations and potential future growth. The company completed the court-supervised process in approximately 40 days, maintaining business operations and customer service throughout.
Wag! continued its operations during the Chapter 11 process with the support of debtor-in-possession (DIP) financing from Retriever. The confirmed plan provides the company with a stronger balance sheet, positioning it for sustainable long-term growth as a privately held business. Wag! remains focused on delivering exceptional customer experiences and continued innovation in pet care services.